AUD/JPY Moves with a Flow

If the market makes a retracement towards the POC zone within 94.00, we might see a move down. Potential move could be targeting 83.30, 83.02. The break of 83.00 level should be targeting 82.62. Only if the price gets above 84.00, bears will be in danger. Selling the rallies is the option now.

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Cheers and safe trading,

Nenad

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.